The analysis of global vegetable oils biofuel use reveals diverse trends across countries. In 2023, Argentina led with 2.31 million metric tons. Peru followed with 0.11843, and Paraguay recorded a nominal 0.000027. South Africa and the Russian Federation each captured marginal figures, as did the UK.
From 2028 forecasts, a notable increase is predicted in Argentina (1.46% YoY), while Peru shows significant growth (3.89% YoY). Paraguay expects 6.41% growth. Conversely, South Africa's usage might decline slightly. The UK's biofuel use seems stable.
Future trends to monitor include expanded legislative support for biofuel in developing countries and technological innovations aimed at enhancing oil yields and processing efficiency.
Top countries in Vegetable Oils Biofuel Use, Forecast 2019-2028 by Country
| # | 6 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Argentina | 2,310 | 2028 | +1.52% | +1.46% | View data |
| 2 | 2 Peru | 118.43 | 2028 | +3.6% | +3.89% | View data |
| 3 | 3 Paraguay | 0.027 | 2028 | +4.85% | +6.41% | View data |
| 4 | 4 South Africa | 0.001 | 2028 | -0.31% | -0.28% | View data |
| 5 | 5 Russian Federation | 0 | 2024 | |||
| 6 | 6 United Kingdom | 0 | 2028 | 0% | 0% | View data |
